Comments on: Governance chaos http://www.accmanpro.com/2008/03/17/governance-chaos/ Thu, 09 Feb 2012 10:01:51 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Dennis Howlett http://www.accmanpro.com/2008/03/17/governance-chaos/comment-page-1/#comment-4605 Dennis Howlett Mon, 17 Mar 2008 04:42:10 +0000 http://www.accmanpro.com/2008/03/17/governance-chaos/#comment-4605 Thanks for your comments Holly. My sense from speaking with a number of SAP execs last week is that GRC represents a solid opportunity to not only significantly grow the business, but also one around which to draw together the many threads that GRC implies into something that has genuine strategic value that positively impacts the bottom line. In other words a win-win-win, provided it is undertaken as a strategy and not just as a series of point solutions. That's where I think the broader debate needs to start though I appreciate the difficulties of articulating something where the connections that exist between issues and the inherent risks of potentially competing initiatives is not well understood. Thanks for your comments Holly. My sense from speaking with a number of SAP execs last week is that GRC represents a solid opportunity to not only significantly grow the business, but also one around which to draw together the many threads that GRC implies into something that has genuine strategic value that positively impacts the bottom line. In other words a win-win-win, provided it is undertaken as a strategy and not just as a series of point solutions.

That's where I think the broader debate needs to start though I appreciate the difficulties of articulating something where the connections that exist between issues and the inherent risks of potentially competing initiatives is not well understood.

]]> By: Holly Roland http://www.accmanpro.com/2008/03/17/governance-chaos/comment-page-1/#comment-4604 Holly Roland Mon, 17 Mar 2008 04:27:14 +0000 http://www.accmanpro.com/2008/03/17/governance-chaos/#comment-4604 Hi Dennis - I enjoyed our intense discussion at the conference last week. I agree that companies need to look to more automation of business processes and increased risk and control monitoring as an antidote to much that ails them. I should note here that the business of providing software for this very purpose is booming at SAP, so I think that we'll see positive trends in the years to come. It's disappointing to see that only a few people attended our sessions on anti-corruption and sustainability, but this may be explained to some extent by the fact that we're in a new market -- never before has a software company been able to pull together the wide array of topics included under the governance, risk and compliance banner. Sustainability is a new topic for this crowd and the many technical sorts which attend this topic may not immediately see the connection between their segregation of duties needs and helping their companies with green initiatives. I came away understanding that we're in a marathon, not a sprint, so the race will only be won with persistence, determination, and patience. Hi Dennis – I enjoyed our intense discussion at the conference last week. I agree that companies need to look to more automation of business processes and increased risk and control monitoring as an antidote to much that ails them. I should note here that the business of providing software for this very purpose is booming at SAP, so I think that we'll see positive trends in the years to come.

It's disappointing to see that only a few people attended our sessions on anti-corruption and sustainability, but this may be explained to some extent by the fact that we're in a new market — never before has a software company been able to pull together the wide array of topics included under the governance, risk and compliance banner. Sustainability is a new topic for this crowd and the many technical sorts which attend this topic may not immediately see the connection between their segregation of duties needs and helping their companies with green initiatives.

I came away understanding that we're in a marathon, not a sprint, so the race will only be won with persistence, determination, and patience.

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